Etihad inks $1.5bn deal with Engine Alliance
Etihad Airways, Abu Dhabi’s government-owned carrier, signed a deal with Engine Alliance to purchase engines for its fleet of 10 Airbus A380 aircraft, the carrier said Monday.
The contract includes long-term fleet management for the maintenance, repair and overhaul of the GP7200 engines, and is valued at up to $1.5bn, Etihad said in an emailed statement.
The carrier is scheduled to operate its first 10 A380s from 2014, bringing it in line with rival carriers Emirates and Air France, which include GP7200-powered A380s in their fleets.
Etihad said it January it saw a 29 percent rise in revenues to $2.95bn in 2010, bringing it closer to its stated aim of achieving profitability by 2012.
Engine Alliance is a joint venture between General Electric and United Technologies unit Pratt & Whitney.